Explosive Growth: Private sector bank's net profit jumps 1,642 per cent to Rs 2,195 crore in FY23; declares stellar dividend!
The shares of the company also saw a spurt in volume by more than 1.71 times on BSE.
Bandhan Bank Ltd, a leading private sector bank with a customer base of over 30 lakh, has announced its Q4 and FY23 results for the year ended March 31, 2023. Details Below:
The net sales increased by 10 per cent and the net profit increased by 177.70 per cent with an EPS of Rs 5.02 in Q4FY23 over Q4FY22. The net sales increased by 15 per cent and net profit increased by 1,642 per cent with an EPS of Rs 13.62 in FY23 over FY22.
Banking outlets as on March 31, 2023, stood at nearly 6,000, the network consists of 1,411 branches and 4,588 banking units. Furthermore, the company have declared a dividend of 15 per cent or Rs 1.50 per equity share having a face value of Rs 10 each.
On Friday, shares of Bandhan Bank plunged 2.48 per cent to Rs 237.95 per share with an intraday high of Rs 245.75 and an intraday low of Rs 236.25. The shares of the company also saw a spurt in volume by more than 1.71 times on BSE.
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Top 5 Mutual Funds that might be in focus:
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Mutual Funds
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Stake (%)
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AUM (Rs. Cr)
|
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SBI Banking & Financial Services Fund-Reg(G)
|
3.64
|
3766.94
|
|
Baroda BNP Paribas Arbitrage Fund-Reg(G)
|
2.7
|
331.79
|
|
Nippon India Banking & Financial Services Fund(G)
|
2.64
|
3783.27
|
|
LIC MF Arbitrage Fund-Reg(G)
|
2.61
|
21.64
|
|
Aditya Birla SL Banking & Financial Services Fund-Reg(G)
|
2.31
|
2371.86
|
Investors should keep an eye on this private sector bank.